News
The economy is bottoming, while the CNB will cut rates
In May, the macroeconomic data will unveil the economy in a free fall and bottoming in April. The economy will probably start to expand again; however, the level of output is very low and there are many obstacles for future growth. Therefore, the CNB will probably cut interest rates further, Komerční banka says.
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Government approves measure decreasing support for existing photovoltaic power plants
At a press conference on April 27, 2020, the Minister of Industry and Trade announced that along with a contract with the semi-state-owned ČEZ on building new blocks for the Dukovany nuclear power plant, the government had also approved a bill amending the act on supported resources including a measure decreasing support for existing photovoltaic power plants (FVE).
Pfizer and BioNTech Dose First Participants in the U.S. as Part of Global COVID-19 mRNA Vaccine Development Program
First participants dosed at NYU Grossman School of Medicine and University of Maryland School of Medicine
Pfizer and BioNTech ramping up manufacturing capabilities to further increase production capacity in 2020/2021
AmCham Board members discussed Prague support for Prague businesses during COVID-19 crisis with City of Prague representatives
AmCham Board members discussed the possibilities of the economic support for Prague-based businesses, particularly in hospitality sector that is impacted by the coronavirus criris the most. We met with Pavel Vyhnánek (Praha Sobě), Vít Šimral (Pirate Party), Tomáš Portlík (ODS) and Ivan Pilný (ANO).
Strategic Directions for Czech Economic Policy
- Transition to High-Tech Manufacturing and Exports
- The City Campus as Idea Factory
- Government Programs and Processes That Drive Innovation
- Government as a Competitive Advantage, including Digitization
Advocacy Priorities for 2023
Technology, People, Infrastructure
Actions Recommended in Areas:
1. Establishing Policy Objectives for Research.
2. Research Investment and Cooperation. Big Bets (Key Technology Projects).
3. Establishing Databases for Tracking Public Policy Outcomes.
4. Public Procurement as an Innovation Tool.
5. Immigration of STEM Talents.
6. Digitization of Immigration.
7. Adult Reskilling and Upskilling.
8. Digitization of Land Use.
9. Infrastructure Development, including Technology Parks.
Read the documents in English and Czech.
Policy pipeline
In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.
